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Florida Statutes Title XLII. Estates and Trusts § 738.308. Period

Current as of January 01, 2025 | Updated by Findlaw Staff

<Section effective Jan. 1, 2025.>

(1) A unitrust policy must provide the period used under ss. 738.306 and 738.307. The period must be the calendar year.

(2) A unitrust policy may provide standards for:

(a) Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if:

1. The trust was not in existence in a preceding period; or

2. Market indices or other published data are not available for a preceding period;

(b) Using fewer preceding periods under s. 738.307(2)(e) if:

1. The trust was not in existence in a preceding period; or

2. Fair market values are not available for a preceding period; and

(c) Prorating a unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.

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Cite this article: FindLaw.com - Florida Statutes Title XLII. Estates and Trusts § 738.308. Period - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xlii-estates-and-trusts/fl-st-sect-738-308/

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